Liquidator's Statement of Account requires detailed disclosure of all realisations, disbursements, investments, dividends and annexures in winding up. The Liquidator's Statement of Account must record all gross realisations and disbursements, separately identify bank movements and temporary investments, include bank interest and investment profit or loss in the accounts, and provide a separate Trading Account where the liquidator carries on business, with each receipt and payment described and totals carried forward without intermediate balances.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator's Statement of Account requires detailed disclosure of all realisations, disbursements, investments, dividends and annexures in winding up.
The Liquidator's Statement of Account must record all gross realisations and disbursements, separately identify bank movements and temporary investments, include bank interest and investment profit or loss in the accounts, and provide a separate Trading Account where the liquidator carries on business, with each receipt and payment described and totals carried forward without intermediate balances.
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